Method 2 – More steps but cheaper (you need to be verified alipay member 认证用户)

Check out the exchange rate for LR –> alipay in Gold2Ex . You need to add in USD2.99 LR fees and 0.5% (Max RMB25) alipay fees. Alipay currently having promotion, after that the rate will be 1% (Max RMB40). Check out this link for details.